Topic: How influential is crypto worldwide? - page 4. (Read 819 times)

Yeah and most people do not get it.
If Bitcoin and all crypto want to replace the $ as exchange currency.
Here are the figures:

Let's not forget that Bitcoin, for example, can be significantly bigger, it's just that it's still in the bear market right now. So over a trillion of market capitalization is something Bitcoin had before and can easily have in the future. But 2 trillion or more? I don't know, maybe not in the next couple of years. Funny enough, whether we take the current capitalization or the bullish one, Bitcoin would be #3 in both cases, right after Apple and Microsoft. I'd say it's amazing that Bitcoin is so high, and it shows how serious the crypto market (or, at least, Bitcoin specifically) is.

It's much less about comparing than putting amounts into perspective, When Crypto is listed coins are listed by market cap and there is the issue with replacing Fiat. Seeing and comparing numbers, network activities, stock movements, Marketcaps companies to coins does exactly that.

It puts things into perspective.

That people with money put money into Bitcoin is just a logical consequence of diversification. Nothing more to it.
There is little enthusiasm about Crypto, except for a few players. Mike Saylor being one of them.   

Its not about different ages of each commodity, its about putting numbers into perspective. 
 

This is a bad comparison op. Comparing something like the stock exchange which is 100% centralised to crypto like BTC which is centralised only to a certain extent doesn't really make much sense to me.

BTC did what none of those companies could ever achieve which is taking some of the power from the elites and shifting it to the commoners in a small and meaningful way.

More adaptation is not really needed. It won't become what it was meant to be. Due to speed, in times Bitcoin was developed banks took even longer to transfer money.

I only wonder why the age comes up. Being a newish commodity people should learn and not do the same as other commodities have done. But far from it. Crypto runs in the same pattern stocks were forced into regulations, KYC, rules, When Crypto Firms look for people on the employment level yohey sound exactly the same as IBM. 

The crypto movement has matured and you see investments but you don't see crypto VC, or am I not seeing them although they are there? 

That’s just the most important factor. Even if Bitcoin had done only half of what it’s doing right now, that’s still mind blowing because it’s just a decade. I agree that Bitcoin still needs more adoption but to those who think it’s not gotten enough, we should look at this timeframe and compare it with companies that have just about the same value as it does. Imagine when it now gets that extra or complete adoption, or even the next time we hit a new all time high. I’m not even talking about cryptocurrency at large.

I encourage you not to rush, it is one step after the others, and since you still do not have the financial muscle yet, and perhaps the expertise to engage in stock trading/investment as well, you can wait, there is no need for the rush whatsoever. Cryptocurrency is a very good opportunity for people to earn and your working for a campaign now is a plus, so in the next 2 years or thereabout, I hope that you can get to fulfil this plan without postponing it as procrastination is also not good for success. For you to even have the plan means that you do not want to leave it at cryptocurrency alone, and this is wise. Every reasonable investor must diversify their portfolio for better gain and safety and even having more than stocks in addition to crypto is what I will always encourage people.

Lastly, before you eventually have the money for the investment, nothing stops you from engaging in your crypto investment/trading and learning the stocks trading and investment altogether. I know this and I can tell you that it is easy. Knowing how to invest/trade in cryptocurrency alone has given you some kind of leverage over stocks already, you will only need to learn some terms and the actual psychology and behaviour of the stock markets to get yourself acquainted with it.

Speaking of the stock market, I've been dreaming of putting money there for a long time. Because that's okay, but I don't have the capability to make money in the stock market yet. But if I am given the opportunity to make a good profit here in the cryptocurrency business, I will really put money in the stock market.

But right now my priority is cryptocurrency, because it is currently helping me with my expenses for my family and my bills as well. Because a relatively large amount is also needed in the stock market.

True not all are greedy, still many are under the crypto crowd.



Marketcap is value which is not too accurate.
Just remember Pepe, with had an impressive marketcap.

While Crypto's Total Market cap is no way near to the Stock Market cap. but we must admit that considering how young Crypto is. these marketcaps of every cryptocurrency is very impressive.
Cryptocurrency surely gained substantial influencer in just one and half decade. which is truly impressive.

and OP you should edit your post because Crypto users and wallet numbers are not accurate. lol

Confidence can still be called a basic instinct in everyone, but I don't think it's worth mentioning greed for everyone, because not everyone will want to sell their house or residence for the purpose of multiplying their money through Bitcoin. In general, I have also heard stories like that from other people, but what needs to be understood is that only a handful of people want to think like that. Because most people will only use whatever money they have to make a profit through Bitcoin even though this will be done repeatedly every week.

So I don't think it would be appropriate for anyone to say that this is greed, especially if it is aimed at everyone, because those who sell their houses to multiply their money through Bitcoin are people who basically own more houses. However, at that time he did not have any money to invest in Bitcoin so he decided to sell one of his houses in order to be able to do this within a certain time. As for confidence, this arises naturally after everyone sees the facts that have happened to Bitcoin in the last few years.

Confidence, what a nice word for some basic instinct. I call that greed.
Once people heard that with Bitcoin you could double or tribble money they sold their houses, some too late, many at the right time.

 

What technology? Is it about crypto? If it is, then I won't say it is fast growing because when BTC first came out, it struggled to convince people. It was only after a couple of years it grow quickly because people are already confident about it. While if we mean technology in general, I'd say that it is fast growing because there are lots of stuffs already invented through the years.

In terms of crypto again, no, not all are always into new stuffs, especially when people are aware of the scams happening around and most of those are from new projects. BTC has advantage over the other non-crypto assets but we should be real and say that it also has a disadvantage and this is where others can scale against it.

Let's not get hung up in a debate of market cap being good or bad.
In both scenarios market cap and network activity Crypto as a whole is around 10%.

 Due to the concentrated holding of Companies, Whales there is not much room for a movement which spurns a revolution.

So becoming the world currency is off the table. That so much for awakening.
As in shares, investors are not so plentiful in Crypto, let alone in bitcoin.

IMHO, the description of Bitcoin with bad things are now gone. With that I mean, there will still be bad things that we will hear from other people but the crowd won't agree with it anymore.

Gone are the days when everyone has the same negative belief about Bitcoin without even having it. And with those negative words they say, the good things that happens to it are more than that.

The realization of many are come to be said with the same thoughts that they've been late already. But with the comparison of its market cap, that's another factor that they have to consider that it is now one of the best global assets that someone can own.

They see the potential of bitcoin for gaining a lot of profit that's why there's a lot of people is trying to participate on any crypto related activities and earn a profit with this. That's the reason why we see a lot of money poured in the market since there's a lot of people believe that they can earn more here rather than other investment. Hopefully this will be a good pointer for government to maybe at least successfully approve those ETF request and then after that bitcoin to became a legal tender will be the next thing to happen.

Their maybe a lot of people heard bad thing about crypto but once they discovered that its isolated cases then their worries about those scams will be eliminated and their want to acquire bitcoin will be high.

You are right there. It cannot be denied that no matter which field of the market Bitcoin is included, especially in the market cap, when investors find out about this, they will be really encouraged to invest in Bitcoin or cryptocurrency as long as it is in the top listing. of the market.

There are many people who hear bad things about cryptocurrency or bitcoin, and those who hear bad things about crypto or bitcoin are used to cheat and defraud investors.

Ok agreed,
Marketcap is a misleading factor.



Tradevolume of the leading Stock exchanges.

Courtesy of Statistica:
Source

Should not compare the market caps, because market caps are more or less arbitrary/easy to manipulate. Better to compare the trading volume/liquidity. So, what is the value of stocks traded for those companies daily in comparison to the trading volume of crypto. That gives a better insight.

In the times of shares there were already VC Companies doing their job.
In crypto you don't see that much.


Are there Crypto VC?